Low Income Apartments and Affordable Housing For Rent in Wayne County, IN

Discover affordable housing in Wayne County where there are 26+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Rose Ann Properties

602 N. Morton Street, Centerville, Indiana

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Southview Geier Apartments

1101 S 16th St, Richmond, Indiana 47374

payment Subsidized

Merle Henderson Apartments

81 S 14th St, Richmond, Indiana 47374

payment Subsidized

Robert F. ( Bobby ) Smith Apartments

1407 N H St, Richmond, Indiana 47374

payment Subsidized

Cambridge Square Properties

210 N Lee St, Cambridge City, Indiana 47327

switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers

Prestwick Square Apartments of Richmond

1700 NW L St, Richmond, Indiana 47374

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

How To Identify Affordable Housing in Wayne County, Indiana

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
calendar_today Opened: Mar 31
Open Until Further Notice
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Reported On September 28th, 2024 by Lorena Bentley

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wayne County, Indiana
$16.34/hour
$9.09 (+125%) more than Indiana minimum wage and $9.09 (+125%) more than the Federal minimum wage.
Learn More About Wayne County, Indiana Affordable Housing ↓

What HUD offices serve Wayne County, Indiana?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Wayne County, Indiana.

Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Wayne County.

How many renters live in Wayne County, Indiana?

The County of Wayne County has people living in households.

There are renters living in renter households in this County. Renters make up 22.84 percent of the population living in Wayne County.

What is the rental market like in Wayne County, Indiana?

There are an estimated housing units in the Wayne County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Wayne County, Indiana, there are 1.12 rental units.

What is the vacancy rate for rentals in Wayne County?

The rental vacancy rate in Wayne County is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Wayne County for each bedroom size?

Occupied Rental Units by Size in Wayne County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
399 1,569 3,047 2,814 634
Occupied Rental Units by Size in Wayne County

A large number of apartments in Wayne County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Wayne County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $637 to $1,156. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $637
One BR $657
Two BR $863
Three BR $1,071
Four BR $1,156
2024 Fair Market Rents in Wayne County, Indiana

How many units are rented at Fair Market Rent (FMR) in Wayne County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 249 62 percent
One BR 999 64 percent
Two BR 1,760 58 percent
Rental Units Below FMR in Wayne County, Indiana

How many affordable rental units are in Wayne County?

There are a variety of federal affordable housing programs serving households in Wayne County, Indiana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
USDA Section 515 Rural Rental Housing
Tracked Units by Federal Program in Wayne County, Indiana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Wayne County, Indiana

Wayne County features 1,180 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Wayne County, Indiana

There are 409 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wayne County.

Housing Choice Vouchers in Wayne County, Indiana

On average, Section 8 Housing Choice vouchers pay Wayne County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Wayne County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wayne County, Indiana for a two-bedroom apartment is between $777 and $949.

Sourced from federal housing data and AffordableHousingOnline.com research.

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